Cold Forming and Cold Heading Market Analysis and Forecast to 2031: By Material (Aluminum, Alloy Steel, Stainless Steel, Others), End User (Aerospace & Defense, Automotive, Industrial Equipment & Machinery, Others), and Region

The global cold forming and cold heading market was valued at US$ 18.0 billion in 2021 and it is anticipated to grow up to US$ 31.0 billion by 2031, at a CAGR of 5.3% during the forecast period.

The process of forging metals at room temperature is referred to as cold forming. Metal wires are cut into small segments to form multiple die progression in a cold heading machine. Every step of the process imparts specific geometrical features to the design of the product being manufactured, such as automotive, industrial equipment, and medical equipment, that offers manufacturability and a long-term production life cycle. The cold forming process has zero processing scrap, which is one of the major reasons it is preferred over traditional metal machining.

A cold heading machine is mechanical equipment used to form net-shaped or near-net-shaped metal parts. This machine performs various steps to form a specific part from a metal wire or rod without adding heat. The process is carried out using a high-speed replicated series of hammers, die, and punches.

Global Cold Forming and Cold Heading Market Scope and Report Structure
Report AttributeDetails
Market Size in 2021US$ 18.0 Billion
Market Size in 2031US$ 31.0 Billion
CAGR %5.3%
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredMaterial, End User, and Region
Key CompaniesAltra Industrial Motion Corp. (US), BUCHANAN METAL FORMING, INC. (US), Cold Formed Products (UK), Cold Heading Company (US), Complex Cold Forming (UK), Deringer-Ney, Inc. (US), Fukui Byora Co., Ltd. (Japan), Kalyani Forge Ltd. (India), Stanley Black & Decker, Inc. (US), and Tengco, Inc. (US)
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Drivers and Trends

Heads and cold-forming machines have become advanced. For example, a machine currently manufactured with five or more dies. A function that enables the production of long parts and short parts. Adjustments change the timing of cutter blades, feed strokes, transfers, and kick-outs function. CNC control provides operators immediate access to production data. Quick change setup allows for both punch and die components. It can be setup and customized offline and requires minimum production time. A multi-station cutter that performs stationary and extruded cold-forming operations also significantly increases headline production rate and capacity. Increasing knowledge of metallurgy will allow heading and cold to form stronger material. Manufacturers of special alloys, such as carpenters, can control the analysis and production of varieties more accurately to meet them. With higher corrosion resistance, Starch on the headboard. It is now possible to have a specific AISI if good cold forming characteristics and consistent performance are desired. Grades are manufactured within controlled analytical limits to improve cold formability and secondary machining operations. In other cases, the analysis has been modified for cold working to manufacture a particular fastener draft economically. For instance, Sturdy tool steel extends the life of the upset die producer Alloys such as carpenters are versatile enough to handle manufacturing operations requiring head molding and machining. These factors are influencing the growth of the cold forming and cold heading market over the years.

Market Restraints and Challenges

Increasing overall maintenance and repair cost of cold forming and cold heading and likely restraining market revenue growth in the forecast period. Further, increasing volatility in raw material prices and the high maintenance cost of cold forming and cold heading are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices negatively influences the ability of manufacturers to produce cold forming and cold heading based on specific requirements.

Global Cold Forming and Cold Heading Market Segmental Overview

The report analyses the global cold forming and cold heading market based on material, end user, and region.

Global Cold Forming and Cold Heading Market by Material

Based on material, it is segmented into aluminum, alloy steel, stainless steel, and others. The alloy steel segment is expected to be the largest segment in the cold forming and cold heading market in 2021 owing to multiple benefits such as high strength, hardenability, toughness, temp resistance, corrosion resistance, and greater end use safety margin. Due to such benefits mentioned above, the alloy steel segment is expected to hold a major market share in 2021.

Global Cold Forming and Cold Heading Market by End User

Based on end user, it is segmented into aerospace & defense, automotive, industrial equipment & machinery, and others. The automotive segment is expected to be the largest segment in the cold forming and cold heading market in 2021. The automobile industry is constantly growing. Therefore, the automobile industry widely uses parts molded by cold heading machines. A few main metals used for cold heading include copper-based (Cu) metal alloys, pure copper, brass, phosphor bronze, stainless steel, and aluminum. Headers manufactured by cold heading machines are terminals and pins used in various automotive control units, engine control units (ECUs), pressure sensors, and other in-vehicle sensors. Technological advancements, climate change-related policies, and changing consumer preferences are driving the demand for eco-friendly, fuel-efficient, and intelligent vehicles and innovations in electric and hybrid vehicles globally. Thus, the automotive segment will likely hold a major market share in 2021.

Geographical Analysis of Global Cold Forming and Cold Heading Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. North America continues to invest in innovation and development of advanced, energy-efficient, and environment-friendly vehicles. As a result, automakers in this region are investing in expanding production facilities, which is expected to increase the demand for cold forming and cold heading. Further, the increase in regional investment by manufacturers to set up production plants and research & development centers is further increasing the demand for cold forming and cold heading solutions. Thus, it propels the growth of the cold forming and cold heading market in North America.

Major Players in the Global Cold Forming and Cold Heading Market

The key players studied in the global cold forming and cold heading market are Altra Industrial Motion Corp. (US), BUCHANAN METAL FORMING, INC. (US), Cold Formed Products (UK), Cold Heading Company (US), Complex Cold Forming (UK), Deringer-Ney, Inc. (US), Fukui Byora Co., Ltd. (Japan), Kalyani Forge Ltd. (India), Stanley Black & Decker, Inc. (US), and Tengco, Inc. (US).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of cold forming and cold heading worldwide. Thus, the COVID-19 pandemic negatively affected the global cold forming and cold heading market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of cold forming and cold heading.

Recent Developments
  • January 2022, Altra Industrial Motion Corp. had announced that it had acquired Cleveland, Ohio-based Nook Industries LLC, a US-engineered linear motion industry leader. Nook is expected to generate approximately US$ 42 million in revenue in 2021. The transaction is anticipated to be cash accretive to Altra’s earnings in 2022, excluding any one-time or acquisition-related costs.
  • March 2021, Deringer-Ney Inc. acquired Hoyt Corporation, a leading provider of electrical contacts, copper extrusions, and contact assemblies.
Frequently Asked Questions

Q1. How big is the cold forming and cold heading market?

Ans. The global cold forming and cold heading market size was US$ 18.0 billion in 2021 and is anticipated to reach US$ 31.0 billion in 2031, growing at a rate of 5.3% from 2022 to 2031.

Q2. What is the cold forming and cold heading market growth rate?

Ans. The growth rate of the cold forming and cold heading market is 5.3% from 2022 to 2031.

Q3. Which region holds a major market share for the cold forming and cold heading market?

Ans. North America holds a major market share of the cold forming and cold heading market in 2021.

Q4. Which segment accounted for the largest cold forming and cold heading market share?

Ans. Based on end user, it is segmented into aerospace & defense, automotive, industrial equipment & machinery, and others. The automotive segment is expected to be the largest segment in the cold forming and cold heading market in 2021.

Q5. Who are the key players in the cold forming and cold heading market?

Ans. The global cold forming and cold heading market report includes players such as Altra Industrial Motion Corp. (US), BUCHANAN METAL FORMING, INC. (US), Cold Formed Products (UK), Cold Heading Company (US), Complex Cold Forming (UK), Deringer-Ney, Inc. (US), Fukui Byora Co., Ltd. (Japan), Kalyani Forge Ltd. (India), Stanley Black & Decker, Inc. (US), and Tengco, Inc. (US).

Q6. What are the factors driving the cold forming and cold heading market growth?

Ans. The major factor driving the growth of the market is the advancements in cold forming and cold heading.

Q7. What are the key growth strategies of cold forming and cold heading market players?

Ans. The key growth strategies of cold forming and cold heading market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the cold forming and cold heading market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the cold forming and cold heading market during the forecast period.

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the study
1.2. Market definition and research & scope
1.3. Research methodologies
1.4. Market estimation techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key highlights of the market

Chapter 3. Cold Forming and Cold Heading Market Outlook
3.1. Cold forming and cold heading market segmentation
3.2. Market dynamics
3.2.1. Market drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s five forces analysis
3.3.1. Threat of new entrants
3.3.2. Threat of substitutes
3.3.3. Bargaining power of buyers
3.3.4. Bargaining power of supplier
3.3.5. Competitive rivalry
3.4. PESTLE analysis
3.5. Value chain analysis
3.5.1. Raw material suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or retailers
3.6. Impact of the Russia and Ukraine war on the global cold forming and cold heading market

Chapter 4. The Economic Impact of COVID-19
4.1. Overall impact of COVID-19
4.2. Impact of COVID-19 on the global cold forming and cold heading market
4.3. Economic impact analysis

Chapter 5. Cold Forming and Cold Heading Market, by Material
5.1. Market overview
5.2. Aluminum
5.2.1. Market size and forecast, 2021-2031 (US$ million)
5.2.2. Market size and forecast, by region, 2021-2031 (US$ million)
5.3. Alloy Steel
5.3.1. Market size and forecast, 2021-2031 (US$ million)
5.3.2. Market size and forecast, by region, 2021-2031 (US$ million)
5.4. Stainless Steel
5.4.1. Market size and forecast, 2021-2031 (US$ million)
5.4.2. Market size and forecast, by region, 2021-2031 (US$ million)
5.5. Others
5.5.1. Market size and forecast, 2021-2031 (US$ million)
5.5.2. Market size and forecast, by region, 2021-2031 (US$ million)

Chapter 6. Cold Forming and Cold Heading Market, by End User
6.1. Market overview
6.2. Aerospace & Defense
6.2.1. Market size and forecast, 2021-2031 (US$ million)
6.2.2. Market size and forecast, by region, 2021-2031 (US$ million)
6.3. Automotive
6.3.1. Market size and forecast, 2021-2031 (US$ million)
6.3.2. Market size and forecast, by region, 2021-2031 (US$ million)
6.4. Industrial Equipment & Machinery
6.4.1. Market size and forecast, 2021-2031 (US$ million)
6.4.2. Market size and forecast, by region, 2021-2031 (US$ million)
6.5. Others
6.5.1. Market size and forecast, 2021-2031 (US$ million)
6.5.2. Market size and forecast, by region, 2021-2031 (US$ million)

Chapter 7. Global Cold Forming and Cold Heading Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key market trends and opportunities
7.2.2. North America Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.2.3. North America Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.2.4. North America Cold forming and cold heading market size and forecast by Country, 2021-2031, (US$ million)
7.2.5. The U.S.
7.2.5.1. The U.S. Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.2.5.2. The U.S. Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.2.6. Canada
7.2.6.1. Canada Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.2.6.2. Canada Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.2.7. Mexico
7.2.7.1. Mexico Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.2.7.2. Mexico Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.3. Europe
7.3.1. Key market trends and opportunities
7.3.2. Europe Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.3.3. Europe Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.3.4. Europe Cold forming and cold heading market size and forecast by Country, 2021-2031, (US$ million)
7.3.5. Germany
7.3.5.1. Germany Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.3.5.2. Germany Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.3.6. France
7.3.6.1. France Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.3.6.2. France Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.3.7. U.K.
7.3.7.1. U.K. Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.3.7.2. U.K. Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.3.8. Spain
7.3.8.1. Spain Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.3.8.2. Spain Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.3.9. Italy
7.3.9.1. Italy Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.3.9.2. Italy Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.3.10. Russia
7.3.10.1. Russia Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.3.10.2. Russia Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.3.11. Rest of Europe
7.3.11.1. Rest of Europe Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.3.11.2. Rest of Europe Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.4. Asia Pacific
7.4.1. Key market trends and opportunities
7.4.2. Asia Pacific Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.4.3. Asia Pacific Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.4.4. Asia Pacific Cold forming and cold heading market size and forecast by Country, 2021-2031, (US$ million)
7.4.5. China
7.4.5.1. China Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.4.5.2. China Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.4.6. India
7.4.6.1. India Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.4.6.2. India Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.4.7. Japan
7.4.7.1. Japan Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.4.7.2. Japan Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.4.8. South Korea
7.4.8.1. South Korea Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.4.8.2. South Korea Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.4.9. Rest of APAC
7.4.9.1. Rest of APAC Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.4.9.2. Rest of APAC Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.5. Rest of the World
7.5.1. Key market trends and opportunities
7.5.2. Rest of the World Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.5.3. Rest of the World Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.5.4. Rest of the World Cold forming and cold heading market size and forecast by Country, 2021-2031, (US$ million)
7.5.5. Latin America
7.5.5.1. Latin America Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.5.5.2. Latin America Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.5.6. Middle East
7.5.6.1. Middle East Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.5.6.2. Middle East Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)
7.5.7. Africa
7.5.7.1. Africa Cold forming and cold heading market size and forecast by Material, 2021-2031, (US$ million)
7.5.7.2. Africa Cold forming and cold heading market size and forecast by End User, 2021-2031, (US$ million)

Chapter 8. Competitive Landscape
8.1. Market overview
8.2. Market share analysis/key player positioning
8.3. Developmental strategy benchmarking
8.3.1. New product development
8.3.2. Product launches
8.3.3. Business expansions
8.3.4. Partnerships, joint ventures, and collaborations
8.3.5. Mergers and acquisitions

Chapter 9. Company Profiles
9.1. Altra Industrial Motion Corp. (US)
9.1.1. Company snapshot
9.1.2. Financial performance
9.1.3. Product offerings
9.1.4. Key strategic initiatives
9.1.5. SWOT analysis
9.2. BUCHANAN METAL FORMING, INC. (US)
9.2.1. Company snapshot
9.2.2. Financial performance
9.2.3. Product offerings
9.2.4. Key strategic initiatives
9.2.5. SWOT analysis
9.3. Cold Formed Products (UK)
9.3.1. Company snapshot
9.3.2. Financial performance
9.3.3. Product offerings
9.3.4. Key strategic initiatives
9.3.5. SWOT analysis
9.4. Cold Heading Company (US)
9.4.1. Company snapshot
9.4.2. Financial performance
9.4.3. Product offerings
9.4.4. Key strategic initiatives
9.4.5. SWOT analysis
9.5. Complex Cold Forming (UK)
9.5.1. Company snapshot
9.5.2. Financial performance
9.5.3. Product offerings
9.5.4. Key strategic initiatives
9.5.5. SWOT analysis
9.6. Deringer-Ney, Inc. (US)
9.6.1. Company snapshot
9.6.2. Financial performance
9.6.3. Product offerings
9.6.4. Key strategic initiatives
9.6.5. SWOT analysis
9.7. Fukui Byora Co., Ltd. (Japan)
9.7.1. Company snapshot
9.7.2. Financial performance
9.7.3. Product offerings
9.7.4. Key strategic initiatives
9.7.5. SWOT analysis
9.8. Kalyani Forge Ltd. (India)
9.8.1. Company snapshot
9.8.2. Financial performance
9.8.3. Product offerings
9.8.4. Key strategic initiatives
9.8.5. SWOT analysis
9.9. Stanley Black & Decker, Inc. (US)
9.9.1. Company snapshot
9.9.2. Financial performance
9.9.3. Product offerings
9.9.4. Key strategic initiatives
9.9.5. SWOT analysis
9.10. Tengco, Inc. (US)
9.10.1. Company snapshot
9.10.2. Financial performance
9.10.3. Product offerings
9.10.4. Key strategic initiatives
9.10.5. SWOT analysis
*the list of company is subject to change during the final compilation of the report

Global Cold Forming and Cold Heading Market Segmentation

By Material

  • Aluminum
  • Alloy Steel
  • Stainless Steel
  • Others

By End User

  • Aerospace & Defense
  • Automotive
  • Industrial Equipment & Machinery
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

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